LQIRUPDomR WpFQLFR FRPHUFLDO
XIGRSPSKME HI GSRHIRWEpnS HE &YHIVYW (FRQyPLFDV H FRPSDWtYHLV FRP R PHLR DPELHQWH (VWDV VmR DV SULQFLSDLV YDQWDJHQV GD WHFQRORJLD GH FRQGHQVDomR GDV FDOGHLUDV %XGHUXV $R GHFLGLU XWLOL]DU HVWD WHFQRORJLD QDV VXDV LQVWDODo}HV GRPpVWLFDV RX LQGXVWULDLV EHQHILFLD VH VHPSUH GH GXDV FRLVDV XPD LPSRUWDQWH SRXSDQoD HFRQyPLFD H XPD DOWD SURWHFomR GR PHLR DPELHQWH R TXH DMXGD DFWLYDPHQWH D UHGX]LU DV HPLVV}HV GH &2 H D PHOKRUDU R HTXLOtEULR HFROyJLFR GD QRVVD WHUUD &YHIVYW &SWGL 8IVQSXIGRSPSKME 7 %
8VsW RSZSW TVSHYXSW HI HMZIVWEW TSXsRGMEW TEVE MRWXEPEp~IW HSQqWXMGEW I MRHYWXVMEMW % &YHIVYW ETVIWIRXE RE WYE KEQE XVsW RS ZSW QSHIPSW HI GEPHIMVEW HI GSRHIRWEpnS TIRWEHEW TEVE WEXMWJE^IV EW I\MKsRGMEW HI UYEPUYIV GEWE SY MRH WXVME 8SHEW IPEW MRGSV TSVEQ YQE EQTPE KEQE HI XIGRSPSKMEW EPXE QIRXI I½GMIRXIW UYI TSHIQ WIV MRXIKVEHEW TEVE WEXMWJE^IV EW HMJIVIRXIW RIGIWWMHEHIW HE MRWXEPEpnS 2IWXI WIRXMHS E QEVGE &YHIVYW UYI TIVXIRGI k HMZMWnS &SWGL 8IVQSXIGRS PSKME XVEFEPLSY GSRWIGYXMZEQIRXI TEVE UYI GEHE TVSHYXS WI IRGEM\I TIVJIMXEQIRXI REW RIGIWWMHEHIW HI GEHE WMWXIQE (IWXE JSVQE TSHIQ GSQFMREV WI WIQ TVSFPIQE EW HMJI VIRXIW XIGRSPSKMEW HI EGSVHS GSQ EW RIGIW WMHEHIW HI GEHE YQ 4SV I\IQTPS EW GEPHIM VEW HI GSRHIRWEpnS GSQ MRWXEPEp~IW WSPEVIW FSQFEW HI GEPSV I GEPHIMVEW HI FMSQEWWE IWTIGMEPQIRXI GSQ EGYQYPEHSVIW HI jKYE UYIRXI WERMXjVME 8EQFqQ SW WMWXIQEW HI VI KYPEpnS HE &YHIVYW ETSMEQ SW WMWXIQEW VIW TIGXMZSW GSQ SW UYI KIVEQ GEPSV 8YHS MWXS JEGMPMXE RnS Wz E MRWXEPEpnS IQ WM GSQS XEQ FqQ ENYHE E KIVMV E IRIVKME HI JSVQE QEMW IGSRzQMGE I E TVSXIKIV S QIMS EQFMIRXI
)\TIVMsRGME HE &YHIVYW IQ GSRHIRWEpnS JSVRIGI QEMSV WIKYVERpE ES YXMPM^EHSV %XVEZqW HE &YHIVYW S YXMPM^EHSV YWYJVYM HE KVERHI I\TIVMsRGME HE QEVGE UYI HIWIRZSP ZI HIWHI Lj QEMW HI ERSW E XIGRSPSKME HI GSRHIRWEpnS WIQTVI GSQ S SFNIGXMZS HI TVSHY^MV S Qj\MQS HI GEPSV GSQ S QuRMQS 120
HI IRIVKME 4EVE MWWS YXMPM^EQ WI ETIREW SW QIPLSVIW QEXIVMEMW UYI WnS XVEXEHSW TSV WYE ZI^ GSQ SW QqXSHSW TVSHYXMZSW QEMW QS HIVRSW 3 VIWYPXEHS ½REP q YQE XIGRSPSKME HI GSRHIRWEpnS HE &YHIVYW UYI IWXj RE ZERKYEVHE HS WIGXSV
'EPHIMVE HI GSRHIRWEpnS 0SKEQE\ TPYW +& 'SQ E RSZE GEPHIMVE HI GSRHIRWEpnS 0SKE QE\ TPYW +& TIRWEHE TEVE MRWXEPEp~IW HSQqWXMGEW RnS Wz TSYTEVj HMEVMEQIRXI QYMXS HMRLIMVS I IRIVKME GSQS XEQFqQ TSYTEVj XIQTS HYVERXI E WYE MRWXEPEpnS )WXE
MRSZEHSVE GEPHIMVE ZIQ HI JjFVMGE XSXEPQIRXI IUYMTEHE GSQ XSHSW SW GSQTSRIRXIW RIGIW WjVMSW TEVE S WMWXIQE HI EUYIGMQIRXS FSQ FE HI XVsW ZIPSGMHEHIW ZEWS HI I\TERWnS ZjPZYPE HI WIKYVERpE I ZjPZYPE HI XVsW ZMEW TEVE E TVITEVEpnS HE jKYE UYIRXI WERMXjVME % GEPHIMVE 0SKEQE\ TPYW +& HIWXEGE WI TIPS WIY VIRHMQIRXS RSVQEPM^EHS HI EXq 9Q ZEPSV UYEWI ES PMQMXI HS XISVMGE QIRXI TSWWuZIP 1EW E &YHIVYW TIRWSY EPqQ HS GSRWYQS IPqGXVMGS 4SV I\IQTPS EGXMZER HS S QSHS WXERHF] UYI TSHI WIV YXMPM^EHS UYERHS RnS WI RIGIWWMXE HI EUYIGMQIRXS 9QE WSPYpnS MRXIPMKIRXI UYI XSVRE TSWWuZIP E VIHYpnS HS GSRWYQS IPqGXVMGS IQ QEMW HI QIXEHI VIPEXMZEQIRXI E SYXVEW GEPHIMVEW HS QIWQS WIKQIRXS
'EPHIMVE HI GSRHIRWEpnS E KjW 0SKERS TPYW +& % GEPHIMVE 0SKERS TPYW +& HE &YHIVYW q YQE MRSZEHSVE GEPHIMVE HI GSRHIRWEpnS E KjW UYI VI RI QYMXEW ZERXEKIRW I UYI VITVI WIRXE GSRGIMXSW HI EUYIGMQIRXS TPERM½GEHSW I GSRZMRGIRXIW SJIVIGIRHS IPIZEHSW RuZIMW HI UYEPMHEHI IQ XSHEW EW GSQTSRIRXIW (I ZMHS ES WIY HIWIRLS GSQTEGXS I VSFYWXS IWXE GEPHIMVE VIUYIV TSYGS IWTEpS TEVE E WYE MRWXEPEpnS XSVRERHS WI EWWMQ RE GEPHIM VE MHIEP XERXS TEVE TVSNIGXSW HI VIRSZEpnS GSQS HI RSZE GSRWXVYpnS I TEVE IHMJuGMSW I MRWXEPEp~IW HI XEQERLS QqHMS I KVERHI
*MKYVE 'EPHIMVE &YHIVYW 0SKEQE\ TPYW +&
3 TSXIRGMEP HI TSYTERpE HI IWTEpS GLIKE EXq IQ GSQTEVEpnS GSQ EW KIVEp~IW HI